Lazard Ltd (LAZ) — Cash Flow Reinvestment Rate
Lazard Ltd (LAZ) has a Cash Flow Reinvestment Rate of 0.14x as of September 2025, reinvesting $40.45 Million (capex $25.51 Million plus investments $-14.94 Million) from operating cash flow of $287.47 Million. Check LAZ cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Lazard Ltd Cash Flow Reinvestment Rate (2003–2024)
Historical reinvestment intensity for Lazard Ltd across 22 annual periods. Explore Lazard Ltd strategic investment ratio to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for Lazard Ltd (2003–2024)
Year-by-year capital reinvestment analysis for Lazard Ltd. For live market cap and broader valuation context, see Lazard Ltd stock valuation.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2024 | 0.24x | $179.57 Million | $742.83 Million | $45.50 Million | ▼ -51.6% |
| 2023 | 0.50x | $82.19 Million | $164.66 Million | $28.30 Million | ▲ +292.9% |
| 2022 | 0.13x | $105.95 Million | $833.98 Million | $49.51 Million | ▲ +39.7% |
| 2021 | 0.09x | $78.75 Million | $866.08 Million | $39.70 Million | ▼ -58.8% |
| 2020 | 0.22x | $127.22 Million | $575.93 Million | $64.29 Million | ▲ +76.2% |
| 2019 | 0.13x | $85.00 Million | $677.95 Million | $42.76 Million | ▼ -8.5% |
| 2018 | 0.14x | $95.80 Million | $699.04 Million | $49.59 Million | ▲ +158.4% |
| 2017 | 0.05x | $54.59 Million | $1.03 Billion | $27.67 Million | ▼ -56.1% |
| 2016 | 0.12x | $76.40 Million | $632.60 Million | $38.75 Million | ▲ +302.4% |
| 2015 | 0.03x | $26.63 Million | $887.30 Million | $26.63 Million | ▼ -0.4% |
| 2014 | 0.03x | $22.18 Million | $736.02 Million | $22.18 Million | ▼ -74.0% |
| 2013 | 0.12x | $60.96 Million | $526.70 Million | $60.96 Million | ▼ -37.5% |
| 2012 | 0.19x | $89.30 Million | $481.91 Million | $89.30 Million | ▲ +58.7% |
| 2011 | 0.12x | $46.44 Million | $397.80 Million | $46.44 Million | ▼ -94.9% |
| 2010 | 2.29x | $386.62 Million | $168.80 Million | $13.38 Million | ▲ +4606.1% |
| 2009 | 0.05x | $11.91 Million | $244.78 Million | $11.91 Million | ▲ +33.0% |
| 2008 | 0.04x | $18.51 Million | $505.89 Million | $18.51 Million | ▼ -81.9% |
| 2007 | 0.20x | $14.53 Million | $71.73 Million | $14.53 Million | ▲ +488.4% |
| 2006 | 0.03x | $8.19 Million | $238.04 Million | $8.19 Million | ▲ +293.5% |
| 2005 | 0.01x | $7.82 Million | $893.60 Million | $7.82 Million | ▼ -80.4% |
| 2004 | 0.04x | $19.01 Million | $426.28 Million | $19.01 Million | ▼ -83.6% |
| 2003 | 0.27x | $56.23 Million | $206.52 Million | $56.23 Million | — |